A HELOC interest rate will adjust will with the market and that seems extremely risky to me currently + you're leverage is your home if you don't pay it back or things go south.

I have to admit it has been tough to pull trigger just because the stakes feel so high (risking primary residency, etc.). 

Look up William Peckham, a local attorney who I know did some similar work on a property in east Austin with an extremely messy title. 

At this time the market for multifamily properties is extremely hot. 

You can add an umbrella policy if you like.Banks don't typically allow you to buy with a mortgage in an LLC, but you could take the risk of triggering the due on sale clause and move it after closing. 

First off, they explained that they needed this because I was applying for a 2nd home and was only paying 10% down and that triggered PMI.

Anything in writing is extremely helpful, even if not part of an official document. 

I would rather invest in a fund or if I was buying fractionalized make sure I am in the first position on that fraction and make sure plenty of equity. 5% servicing fee can be pretty stiff as mentioned above others charge much less, just make sure you are using a licensed loan servicer.My only other comment on servicing is understand ALL the costs, some have very low monthly costs but nickel and dime you for EVERYTHING or have extremely high boarding fees.

I'm checking the 2022 budget for some of the condo apartments that I have and the differences are extremely crazy.

With an extremely low unemployment rate of 2.2%, this makes Omaha a very attractive market to invest in.